Base said in a postmortem that the network failed to respond to a sequencer delay that occurred due to onchain activity.
Coinbase unveiled a developer-focused wallet that automatically activates 4.1% rewards on USDC balances. Called Coinbase Developer Platform (CDP) Embedded Wallets, the product is part of and is aimed at giving builders the same secure, scalable infrastructure that powers millions of Coinbase accounts, according to an August 5 announcement. CDP Embedded Wallets support Ethereum Virtual Machine […]
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In its most recent earnings report, Coinbase's consumer spot trading volume declined 45% when compared to the previous quarter.
The Philippine Securities and Exchange Commission (SEC) has flagged ten prominent crypto exchanges, including OKX, Bybit, KuCoin, and Bitget, for operating in the country without the necessary approval. On Aug. 4, the SEC issued a public warning advising residents to avoid engaging with these unregistered platforms, which have not secured licenses to operate or solicit […]
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Coinbase has announced plans to raise $2 billion by issuing convertible senior notes to qualified institutional buyers, according to a statement released on Aug. 5. The offering consists of two separate tranches: $1 billion in notes due 2029 and $1 billion in notes due 2032. These will be sold privately to institutional investors who meet specific […]
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Coinbase has launched Embedded Wallets, allowing developers to integrate self-custodial wallets into apps with minimal coding.
Binance will launch its "ALL” Composite Index perp on Aug. 6, bundling its USDT-quoted futures into one after July's seven-month high for futures volume.
The deal is part of MEXC’s broader push into Southeast Asia, a region the firm sees as a major growth market for digital assets.
Coinbase has urged US lawmakers to modernize the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into the country’s financial compliance framework. In an Aug. 4 statement, Coinbase’s Chief Legal Officer Paul Grewal argued that ZKPs could enhance financial transparency while simultaneously protecting consumer privacy. Why Zero-Knowledge Proofs? According to him, the existing Know-Your-Customer […]
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Robinhood generated more than $141 billion in crypto trading volumes in 2024, driven by a post-election surge.
Hyperliquid also maintained its commandingly consistent market share of over 75% in the perps DEX space throughout July.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"From buttonwood to blockchain," the SEC's Project Crypto will bring innovation back to the U.S., analysts at Bernstein said.
Coinbase’s CEO said its satirical TV commercial was yanked by U.K. networks, before any formal ruling, sparking a fresh clash over crypto advertising rules.
Bitcoin has broken below the critical $115K support level, reaching a new local low of approximately $112,700. After spending over two weeks consolidating in a tight range, BTC has now exited this phase with bearish momentum, raising concerns across the market. Traders and analysts are closely watching to see if Bitcoin can find strong demand around current levels to stabilize the price and prevent a deeper correction. Related Reading: Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? Key data from CryptoQuant reveals that Short-Term Holders (STHs) are selling their Bitcoin at a loss, a typical pattern observed during retail capitulation events. Over the past 24 hours, a significant volume of BTC has been sent to exchanges at negative profit margins, signaling that weaker hands are being shaken out of the market. This selling pressure often marks the final stages of a correction phase, where panic-driven exits by STHs create potential accumulation opportunities for long-term investors. The next few sessions will be crucial, as Bitcoin needs to reclaim the $115K level to regain bullish structure. Otherwise, bears may attempt to drive prices lower, targeting the $110K zone. The market now looks for institutional demand or fresh capital inflows to absorb the ongoing retail-driven sell-off and stabilize the price. Short-Term Holders Sell Bitcoin At A Loss According to top analyst Maartunn, over the past 24 hours, 21,400 BTC were sent to exchanges at a loss by Short-Term Holders (STHs). This behavior is typical during Bitcoin drawdowns, where retail investors, driven by fear and emotional reactions to price swings, tend to sell their holdings at a loss. These capitulation events often amplify volatility, as panic selling creates sharp, short-term supply spikes on exchanges. However, despite this surge in loss-driven selling, on-chain data reveals a contrasting narrative among institutional players. The supply of Bitcoin in Over-The-Counter (OTC) desks continues to shrink, suggesting that large investors are actively buying during this correction. This divergence between retail capitulation and institutional accumulation points to a healthy market reset, where weaker hands exit while stronger hands build positions. Bitcoin’s momentum is now shifting from bullish caution to bearish fear. The recent breakdown below $115K raises the probability of further downside, with analysts eyeing the $112K level as a key support area. This level holds historical significance as the previous all-time high (ATH) set in May. If BTC finds strong demand at this zone, it could establish a solid foundation for the next bullish leg. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution BTC Price Analysis: Breakdown Below Key Support Levels Bitcoin (BTC) has broken down from its multi-week consolidation range, currently trading at $113,737 after losing the critical $115,724 support level. The chart shows a clear rejection at the $122,077 resistance zone, where multiple attempts to break higher failed over the past two weeks. This rejection led to an increase in bearish momentum, pushing the price below the 50 and 100-period SMAs, which are now acting as resistance at $117,853 and $114,838, respectively. BTC is now hovering just above the 200-period SMA at $110,308, which could act as a last line of defense for bulls. If this level holds, a potential bounce back to retest the $115K region might occur. However, if the price fails to find strong demand soon, the next downside target sits around $112K, which aligns with the previous all-time high from May. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet Volume spikes accompanying this breakdown indicate significant selling pressure, likely driven by short-term holders capitulating at a loss. Despite the bearish technical structure in the short term, broader market sentiment remains cautiously optimistic, as institutional accumulation continues in the background. The coming sessions will be critical to determine whether BTC can reclaim $115K or if further downside toward $110K becomes inevitable. Featured image from Dall-E, chart from TradingView
The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase’s second-quarter earnings report for 2025 revealed a surprising shake-up in trading revenue distribution. Bitwise’s head of research Ryan Rasmussen pointed out that XRP contributed more revenue to the exchange than Ethereum, despite its long absence from the platform. According to the data, XRP contributed 13% of Coinbase’s Q2 earnings and 16% of its total […]
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The analysts downplayed a Q2 drop in transaction revenue, highlighting a 44% jump in July activity as a more important driver.
Aggregated Solana CME futures trading volume came in at $8.1 billion in July, while open interest average for the month topped $400 million.
"Coinbase is long bitcoin," CEO Brian Armstrong declared on X following the crypto exchange's Q2 earnings report on Thursday.
PeckShield estimates that losses from crypto hacks reached $142 million in July, marking a 27.2% increase from the previous month.
Coinbase’s stock slid 8.4% after hours on July 31 as second-quarter results fell short of Wall Street expectations, before paring some losses into late trading. COIN closed at $377.76 and fell to $346.01 immediately after the release, and later recovered to about $354.77 as of press time. The exchange reported total revenue of $1.5 billion […]
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Tyler Winklevoss and others say a16z Head of Policy Brian Quintenz, tapped by President Trump to lead the CFTC, is a flawed candidate.
Compared to last year's quarter, Coinbase's total revenue came in relatively flat while net income jumped considerably.
Robinhood and Kraken have both reported strong year-over-year (YoY) gains in their crypto-related metrics, even as quarter-over-quarter (QoQ) results show signs of pressure. On July 30, the two trading platforms released their Q2 2025 earnings, highlighting growth in user activity, asset volume, and strategic product rollouts amid broader market volatility. Robinhood’s crypto revenue surge Robinhood […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood's crypto trading volume rose 32% year-over-year to $28 billion, the company said in Wednesday's Q2 earnings release.
Strong Q2 results from Robinhood and Coinbase's partnership with JPMorgan highlight growing traction for digital assets, they said.
The crypto exchange said it is not affiliated with ResearchHub, despite its CEO Brian Armstrong's role as co-founder and CEO of the project.